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Economy Slowdown In The Country, A Legacy Of Disoriented Policies Of UPA Govt: Dhindsa

Punjab Attained 6.74 Per Cent Growth Rate Against The Targeted 5.90 Per Cent In 11th Five Year Plan

Parminder Singh Dhindsa

Web Admin

Web Admin

5 Dariya News

Chandigarh , 08 Jun 2012

The Finance Minister of Punjab,  Parminder Singh Dhindsa said that the country is in the grip of economic slowdown, which is a result of disoriented policies of Congress led UPA Govt. He said that the economic growth of all the states has been drastically plunged down due to the impractical and paralyzed policies adopted by centre govt. Referring to the statistics of the Ministry of Statistics,  Dhindsa said that the comparative analysis of economic growth rate of all the states shows that Punjab had attain targeted economic growth rate for the fiscal year 20110-12. He said that although Punjab is a smaller province, but its Gross Domestic Product (GDP) for the year 2011-12 was 1,57,455 (1 lac 57 thousand 4 hundred 55) crore, whereas the Per Capita Income in the state remained Rs, 46,788, which is three time more than Per Capita Income of bigger state like Bihar. He said that Bihar recorded Per Capita Income Rs. 15,268 and its GDP was 1,63,439 crore. He said that Punjab being a smaller state nearly equaled the GDP of bigger state like Bihar.  Dhindsa said that in some sections in media, the growth rate of Punjab compared with Bihar, which is baseless because growth rate of Bihar is very low, whereas Punjab is developed state and it has much more per-capita income. He said that the Punjab was given the target of 5.90 per cent growth rate in the 11th Five Year Plan, Whereas Punjab has attained 6.74 per cent growth rate, which is more than the target. He said that besides Punjab, six other states were successful to attain the targeted growth rate, but with slighter margin. He said that the growth rate targeted for whole India was 9 per cent in the 11th Five Year Plan, which has come down to the level of 7.86 per cent. The Finance Minister said that disoriented and worthless economic policies of the Congress led UPA Government had created economic imbalance in the country. He said that the Congress has been drastically failed on all fronts. He said that the steep downfall of Stock Market and depreciation of Rupee was unfortunate, which caused economic staggering in the country, thus increasing the burden on the common man.


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